Wage Board

A Wage Board is a government or official body that reviews and sets fair wages for workers in specific industries or sectors. Its purpose is to ensure that pay is adequate given economic conditions, industry standards, and workers’ needs. The board studies factors like living costs, business profitability, and existing wages to recommend or establish minimum pay levels. This helps protect workers from exploitation while balancing the interests of employers. Essentially, a Wage Board helps create fair and consistent salary standards across industries to promote economic stability and workers’ well-being.